Martingale 'for real'

Posted By ViennaCalling Wednesday, October 19, 2011
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ViennaCalling
 Posted Wednesday, October 19, 2011
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Who uses the martingale with a REAL account (not demo) and what has your experience been?

Happy Pipping!

"Money isn't everything, but it sure helps alot!"
http://forextaurus.blogspot.com/
black
 Posted Wednesday, October 19, 2011
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GregorAnton (10/19/2011)
Who uses the martingale with a REAL account (not demo) and what has your experience been?


Please pardon me for not answering your direct question. I have not used Martingale with anything but testing. However, I have made zillions of tests, this way and that way, some about as accurate as you can get. From the tests I can tell that Martingale can be explosively volatile.

I always limit the height of my Martingale to, say, 32 - 1, 2, 4, 8, 16, 32. If it reaches 32, I shut the test down and look for the problem in my Strategy concept.

There are times when I use it as a "adder" rather than a multiplier - 1, 2, 4, 6, 8, 10, etc.. Other times I use a different multiplier than "2" so that it is not a true Martingale, but rather a Multiplier - 3 or 4 is about all the higher I go - 1, 4, 16, 64.

I would not use a Martingale except in Strategies that have plenty of wins intermingled with the losses. If there is a chance of a string of losses more than 3 or 4 in a row, it is dangerous. I would not use it if the Strategy might open several trades at the same time with the chance that a Martingale number might be applied to all of the trades rather than just the first of them. Something like this might happen if you run you CreateOrder in a OnNewRate.

Martingale will be extremely beneficial in Strategies where the wins and losses are all about the same size (dollar size, not lot size, that is), and where you NEVER have more than about 3 losses in a row for every win. Also, the higher the dollar size, the better, because of spread - not good for scalping.


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ViennaCalling
 Posted Wednesday, October 19, 2011
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Thanks for the feedback Black. I noticed the same in test and that's why I'm curious to know who uses with a real account. The strategies run differently with real accounts as well so that's why I'm asking. I typically would only use Martingale on strategies that produce only a small amount of trades in a day.

Happy Pipping!

"Money isn't everything, but it sure helps alot!"
http://forextaurus.blogspot.com/

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